MIND CTI LTD (MNDO) Form 6-K — Nov 10, 2026
MIND C.T.I. (Nasdaq: MNDO) signed a merger agreement on November 10, 2026 under which Enghouse Systems (TSX: ENGH) will acquire all outstanding shares for $1.30 per share in cash, an equity value of approximately $25.4 million and a ~42% premium to the 30-day average price of $0.92. The deal includes a 30-day go-shop window (until December 10, 2026), a $1.0 million break-up fee, founder Monica Iancu's voting commitment, and is expected to close in Q1 2027 subject to shareholder approval and Israeli statutory waiting periods.
Key figures
- Revenue
- 4357000
- Revenue Yoy
- -9.7% (Q3 2026 vs Q3 2025: $4.357M vs $4.823M)
- Total Assets
- 27143000
- Cash Position
- $13.7 million as of September 30, 2026 ($3.108M cash plus $10.572M short-term deposits)
- Deal Value Usd
- 25400000
- Premium
- ~42% over 30-day weighted average price of $0.92
- Break up fee
- $1.0 million
- Expected close
- Q1 2027
- Go shop deadline
- December 10, 2026
- Buyback purchases
- 1,038 thousand shares for ~$1,112 thousand (suspended Sept 22, 2026)
- Shares outstanding
- 19,544,211 (ex-2,115,799 treasury shares)
- Goodwill impairment
- $3.8 million (billing segment)
- Options outstanding
- 355749
- Offer price per share
- $1.30
AI analysis
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